Suppose a certain firm is able to produce 165 units of output per day when 15 workers are hired. The firm is able to produce 181 units of output per day when 16 workers are hired, holding other inputs fixed. The marginal product of the 16th worker is
A) 10 units of output.
B) 11 units of output.
C) 16 units of output.
D) 181 units of output.
Correct Answer:
Verified
Q168: Let L represent the number of workers
Q380: Tony's Taco Truck has average variable costs
Q381: Bubba is a shrimp fisherman who can
Q382: Eldin is a house painter. He can
Q383: The marginal product of an input in
Q384: Riva crafts and sells hard cider as
Q386: Let L represent the number of workers
Q387: Kate is a florist. Kate can arrange
Q388: The marginal product of any input is
Q389: Let L represent the number of workers
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents